13F HOLDINGS REPORT
MARATHON CAPITAL MANAGEMENT
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001172661-25-004808
Total Value
$437.0M
Positions
163
Other Managers
0
Confidential Omitted
No
Holdings (163)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PRICE T ROWE GROUP INC | TROW | 684,625 | $70.3M | 16.08% |
| 2 | CORNING INC | GLW | 193,924 | $15.9M | 3.64% |
| 3 | APPLE INC | AAPL | 51,272 | $13.1M | 2.99% |
| 4 | ASTRAZENECA PLC | AZN | 160,955 | $12.3M | 2.83% |
| 5 | MICROSOFT CORP | MSFT | 23,470 | $12.2M | 2.78% |
| 6 | SPDR SERIES TRUST | 78468R663 | 122,573 | $11.2M | 2.57% |
| 7 | ALPHABET INC | GOOG | 44,409 | $10.8M | 2.48% |
| 8 | QUALCOMM INC | QCOM | 60,230 | $10.0M | 2.29% |
| 9 | CHEVRON CORP NEW | CVX | 60,041 | $9.3M | 2.13% |
| 10 | INTERNATIONAL BUSINESS MACHS | INTR | 31,682 | $8.9M | 2.05% |
| 11 | DIAMONDBACK ENERGY INC | FANG | 61,580 | $8.8M | 2.02% |
| 12 | METLIFE INC | MET-PF | 104,535 | $8.6M | 1.97% |
| 13 | VANGUARD WHITEHALL FDS | 921946794 | 101,579 | $8.6M | 1.97% |
| 14 | COPA HOLDINGS SA | CPA | 71,373 | $8.5M | 1.94% |
| 15 | TETRA TECHNOLOGIES INC DEL | 88162F105 | 1,272,025 | $7.3M | 1.67% |
| 16 | BUILDERS FIRSTSOURCE INC | BLDR | 58,051 | $7.0M | 1.61% |
| 17 | REALTY INCOME CORP | O | 114,389 | $7.0M | 1.59% |
| 18 | ADMA BIOLOGICS INC | ADMA | 466,570 | $6.8M | 1.57% |
| 19 | JPMORGAN CHASE & CO. | VYLD | 21,244 | $6.7M | 1.53% |
| 20 | AMAZON COM INC | AMZN | 30,269 | $6.6M | 1.52% |
| 21 | ALLISON TRANSMISSION HLDGS I | ALSN | 75,224 | $6.4M | 1.46% |
| 22 | ANI PHARMACEUTICALS INC | ANIP | 69,705 | $6.4M | 1.46% |
| 23 | FIDELITY NATL INFORMATION SV | 31620M106 | 90,547 | $6.0M | 1.37% |
| 24 | WILLIS TOWERS WATSON PLC LTD | WTW | 16,663 | $5.8M | 1.32% |
| 25 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 11,267 | $5.7M | 1.30% |
| 26 | JOHNSON & JOHNSON | JNJ | 28,736 | $5.3M | 1.22% |
| 27 | CECO ENVIRONMENTAL CORP | CECO | 101,700 | $5.2M | 1.19% |
| 28 | HEALTHPEAK PROPERTIES INC | DOC | 260,066 | $5.0M | 1.14% |
| 29 | CALIX INC | CALX | 80,200 | $4.9M | 1.13% |
| 30 | DANAHER CORPORATION | 235851102 | 23,434 | $4.6M | 1.06% |
| 31 | SCHLUMBERGER LTD | SLB | 134,756 | $4.6M | 1.06% |
| 32 | SPROTT ASSET MANAGEMENT LP | SII | 126,225 | $4.6M | 1.06% |
| 33 | BARRICK MNG CORP | 06849F108 | 135,690 | $4.4M | 1.02% |
| 34 | ARCOSA INC | ACA | 47,315 | $4.4M | 1.01% |
| 35 | ADOBE INC | ADBE | 12,457 | $4.4M | 1.01% |
| 36 | NPK INTERNATIONAL INC | NPKI | 388,350 | $4.4M | 1.01% |
| 37 | ZETA GLOBAL HOLDINGS CORP | ZETA | 218,610 | $4.3M | 0.99% |
| 38 | SPDR GOLD TR | GLD | 11,348 | $4.0M | 0.92% |
| 39 | CHUBB LIMITED | CB | 12,600 | $3.6M | 0.81% |
| 40 | ARES CAPITAL CORP | ARCC | 157,720 | $3.2M | 0.74% |
| 41 | NOVO-NORDISK A S | NONOF | 57,475 | $3.2M | 0.73% |
| 42 | ALPHATEC HLDGS INC | ATEC | 200,925 | $2.9M | 0.67% |
| 43 | MERCK & CO INC | MRK | 34,152 | $2.9M | 0.66% |
| 44 | PAR TECHNOLOGY CORP | PAR | 67,595 | $2.7M | 0.61% |
| 45 | PROCTER AND GAMBLE CO | 742718109 | 16,957 | $2.6M | 0.60% |
| 46 | SYMBOTIC INC | SYM | 39,515 | $2.1M | 0.49% |
| 47 | ENPHASE ENERGY INC | ENPH | 58,058 | $2.1M | 0.47% |
| 48 | ELI LILLY & CO | LLY | 2,583 | $2.0M | 0.45% |
| 49 | TARGA RES CORP | TRGP | 11,750 | $2.0M | 0.45% |
| 50 | HUDSON TECHNOLOGIES INC | HDSN | 194,450 | $1.9M | 0.44% |
| 51 | ALPHABET INC | GOOG | 7,285 | $1.8M | 0.41% |
| 52 | DARLING INGREDIENTS INC | DAR | 54,985 | $1.7M | 0.39% |
| 53 | WEYERHAEUSER CO MTN BE | WY | 67,916 | $1.7M | 0.39% |
| 54 | MICRON TECHNOLOGY INC | MU | 9,710 | $1.6M | 0.37% |
| 55 | VANECK ETF TRUST | 92189F106 | 20,146 | $1.5M | 0.35% |
| 56 | ALMONTY INDS INC | 020398707 | 250,235 | $1.5M | 0.35% |
| 57 | GLOBAL SELF STORAGE INC | SELF | 296,190 | $1.5M | 0.34% |
| 58 | BANK AMERICA CORP | 060505682 | 1,148 | $1.5M | 0.34% |
| 59 | ABBVIE INC | ABBV | 6,279 | $1.5M | 0.33% |
| 60 | WELLS FARGO CO NEW | 949746804 | 1,047 | $1.3M | 0.30% |
| 61 | VERIZON COMMUNICATIONS INC | VZ | 29,016 | $1.3M | 0.29% |
| 62 | KORNIT DIGITAL LTD | KRNT | 91,505 | $1.2M | 0.28% |
| 63 | EXPAND ENERGY CORPORATION | EXE | 11,519 | $1.2M | 0.28% |
| 64 | HONEYWELL INTL INC | 438516106 | 5,720 | $1.2M | 0.28% |
| 65 | CINCINNATI FINL CORP | 172062101 | 7,538 | $1.2M | 0.27% |
| 66 | COCA COLA CO | KO | 17,420 | $1.2M | 0.26% |
| 67 | NVIDIA CORPORATION | NVDA | 6,135 | $1.1M | 0.26% |
| 68 | EXXON MOBIL CORP | XOM | 9,966 | $1.1M | 0.26% |
| 69 | GLADSTONE LD CORP | 376549101 | 119,818 | $1.1M | 0.25% |
| 70 | CRYOPORT INC | CYRX | 110,000 | $1.0M | 0.24% |
| 71 | ANTERO RESOURCES CORP | AR | 30,000 | $1.0M | 0.23% |
| 72 | SPDR S&P 500 ETF TR | SPY | 1,435 | $955,968 | 0.22% |
| 73 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 12,055 | $905,331 | 0.21% |
| 74 | PEPSICO INC | PEP | 6,371 | $894,743 | 0.20% |
| 75 | ENBRIDGE INC | ENNPF | 17,575 | $886,835 | 0.20% |
| 76 | GE AEROSPACE | 369604301 | 2,945 | $885,915 | 0.20% |
| 77 | HILLMAN SOLUTIONS CORP | HLMN | 93,301 | $856,503 | 0.20% |
| 78 | ALLSTATE CORP | ALL-PJ | 3,948 | $847,438 | 0.19% |
| 79 | ADVANCED MICRO DEVICES INC | AMD | 5,149 | $833,057 | 0.19% |
| 80 | RTX CORPORATION | RTX | 4,955 | $829,037 | 0.19% |
| 81 | LOWES COS INC | 548661107 | 3,274 | $822,789 | 0.19% |
| 82 | ROYAL GOLD INC | RGLD | 4,092 | $820,793 | 0.19% |
| 83 | HOME DEPOT INC | HD | 1,879 | $761,352 | 0.17% |
| 84 | LATTICE SEMICONDUCTOR CORP | LSCC | 10,100 | $740,532 | 0.17% |
| 85 | BROWN FORMAN CORP | BF-B | 27,015 | $731,566 | 0.17% |
| 86 | RECURSION PHARMACEUTICALS IN | RXRX | 139,995 | $683,176 | 0.16% |
| 87 | MCDONALDS CORP | MCD | 2,150 | $653,369 | 0.15% |
| 88 | ABBOTT LABS | ABLZF | 4,755 | $636,881 | 0.15% |
| 89 | EATON CORP PLC | ETN | 1,693 | $633,605 | 0.14% |
| 90 | PNC FINL SVCS GROUP INC | 693475105 | 3,077 | $618,262 | 0.14% |
| 91 | SSGA ACTIVE TR | 78470P812 | 24,227 | $608,016 | 0.14% |
| 92 | PROLOGIS INC. | PLDGP | 5,250 | $601,230 | 0.14% |
| 93 | SANMINA CORPORATION | SANM | 5,000 | $575,550 | 0.13% |
| 94 | CLEAR SECURE INC | YOU | 17,000 | $567,460 | 0.13% |
| 95 | THERMO FISHER SCIENTIFIC INC | TMO | 1,127 | $546,618 | 0.13% |
| 96 | ISHARES SILVER TR | SLV | 12,690 | $537,675 | 0.12% |
| 97 | FIRST CTZNS BANCSHARES INC D | 31946M103 | 295 | $527,802 | 0.12% |
| 98 | SSGA ACTIVE TR | 78470P820 | 20,365 | $511,785 | 0.12% |
| 99 | CISCO SYS INC | CSCO | 7,268 | $497,278 | 0.11% |
| 100 | POTLATCHDELTIC CORPORATION | 737630103 | 12,020 | $489,815 | 0.11% |
| 101 | CSX CORP | CSX | 13,548 | $481,089 | 0.11% |
| 102 | BROADCOM INC | AVGO | 1,455 | $480,019 | 0.11% |
| 103 | TAYLOR MORRISON HOME CORP | TMHC | 7,000 | $462,070 | 0.11% |
| 104 | GETTY RLTY CORP NEW | 374297109 | 16,340 | $438,402 | 0.10% |
| 105 | RIO TINTO PLC | RTNTF | 6,615 | $436,656 | 0.10% |
| 106 | PFIZER INC | PFE | 17,035 | $434,055 | 0.10% |
| 107 | COREBRIDGE FINL INC | 21871X109 | 13,385 | $428,989 | 0.10% |
| 108 | STARBUCKS CORP | SBUX | 4,940 | $417,924 | 0.10% |
| 109 | ISHARES TR | 464287556 | 2,815 | $406,402 | 0.09% |
| 110 | STRYKER CORPORATION | SYK | 1,081 | $399,613 | 0.09% |
| 111 | DUKE ENERGY CORP NEW | DUKB | 3,162 | $391,298 | 0.09% |
| 112 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 8,564 | $386,225 | 0.09% |
| 113 | MAXLINEAR INC | MXL | 22,500 | $361,800 | 0.08% |
| 114 | NEWMONT CORP | NEMCL | 4,242 | $357,643 | 0.08% |
| 115 | CIVITAS RESOURCES INC | 17888H103 | 10,100 | $328,250 | 0.08% |
| 116 | MARATHON PETE CORP | MARA | 1,700 | $327,658 | 0.07% |
| 117 | DENTSPLY SIRONA INC | XRAY | 25,575 | $324,547 | 0.07% |
| 118 | CNX RES CORP | CNX | 10,000 | $321,200 | 0.07% |
| 119 | AMGEN INC | AMGN | 1,138 | $321,144 | 0.07% |
| 120 | ONEOK INC NEW | OKE | 4,300 | $313,771 | 0.07% |
| 121 | DISNEY WALT CO | 254687106 | 2,728 | $312,356 | 0.07% |
| 122 | ELEVANCE HEALTH INC FORMERLY | ELV | 949 | $306,641 | 0.07% |
| 123 | NABORS INDUSTRIES LTD | NBRWF | 7,500 | $306,525 | 0.07% |
| 124 | CAPITAL ONE FINL CORP | 14040H105 | 1,409 | $299,525 | 0.07% |
| 125 | EA SERIES TRUST | 02072L425 | 8,510 | $294,725 | 0.07% |
| 126 | F N B CORP | 302520101 | 18,000 | $289,980 | 0.07% |
| 127 | RBB FD INC | 74933W601 | 4,001 | $282,172 | 0.06% |
| 128 | EMERSON ELEC CO | EMR | 2,067 | $271,149 | 0.06% |
| 129 | KEYSIGHT TECHNOLOGIES INC | KEYS | 1,529 | $267,453 | 0.06% |
| 130 | TOLL BROTHERS INC | TOL | 1,875 | $259,013 | 0.06% |
| 131 | T ROWE PRICE ETF INC | 87283Q867 | 6,825 | $257,303 | 0.06% |
| 132 | ROYALTY PHARMA PLC | RPRX | 7,266 | $256,344 | 0.06% |
| 133 | VANGUARD SPECIALIZED FUNDS | 921908844 | 1,169 | $252,259 | 0.06% |
| 134 | NORTHROP GRUMMAN CORP | NOC | 407 | $247,993 | 0.06% |
| 135 | LOCKHEED MARTIN CORP | LMT | 482 | $240,619 | 0.06% |
| 136 | INVESCO QQQ TR | IVZ | 400 | $240,148 | 0.05% |
| 137 | MAGNOLIA OIL & GAS CORP | MGY | 10,000 | $238,700 | 0.05% |
| 138 | NEXTERA ENERGY INC | NEE-PW | 3,159 | $238,473 | 0.05% |
| 139 | THE CIGNA GROUP | 125523100 | 822 | $236,942 | 0.05% |
| 140 | VANGUARD INDEX FDS | 922908363 | 365 | $223,519 | 0.05% |
| 141 | CANADIAN PACIFIC KANSAS CITY | CP | 2,984 | $222,278 | 0.05% |
| 142 | 3M CO | MMM | 1,406 | $218,183 | 0.05% |
| 143 | EOG RES INC | EOG | 1,941 | $217,625 | 0.05% |
| 144 | AMERIPRISE FINL INC | 03076C106 | 435 | $213,694 | 0.05% |
| 145 | ONDAS HLDGS INC | ONDS | 27,500 | $212,300 | 0.05% |
| 146 | ISHARES TR | 46434VBD1 | 8,425 | $212,226 | 0.05% |
| 147 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,103 | $209,239 | 0.05% |
| 148 | OLD DOMINION FREIGHT LINE IN | ODFL | 1,473 | $207,369 | 0.05% |
| 149 | VANECK ETF TRUST | 92189F791 | 2,090 | $206,973 | 0.05% |
| 150 | CORPAY INC | CPAY | 707 | $203,658 | 0.05% |
| 151 | GE VERNOVA INC | GEV | 330 | $202,917 | 0.05% |
| 152 | CLEVELAND-CLIFFS INC NEW | CLF | 15,000 | $183,000 | 0.04% |
| 153 | ACCURAY INC | ARAY | 100,000 | $167,000 | 0.04% |
| 154 | TXO PARTNERS LP | TXO | 10,000 | $140,500 | 0.03% |
| 155 | LIGHTPATH TECHNOLOGIES INC | LPTH | 15,000 | $118,950 | 0.03% |
| 156 | MARCHEX INC | MCHX | 61,500 | $110,085 | 0.03% |
| 157 | KOPIN CORP | KOPN | 32,500 | $78,975 | 0.02% |
| 158 | IDENTIV INC | INVE | 21,000 | $72,450 | 0.02% |
| 159 | COMSTOCK INC | LODE | 20,000 | $68,400 | 0.02% |
| 160 | BARFRESH FOOD GROUP INC | BRFH | 15,384 | $53,536 | 0.01% |
| 161 | AIRGAIN INC | AIRG | 11,000 | $47,740 | 0.01% |
| 162 | DYADIC INTL INC DEL | 26745T101 | 35,000 | $41,300 | 0.01% |
| 163 | NANO DIMENSION LTD | NNDM | 20,000 | $31,400 | 0.01% |